99 Comments
Jul 22, 2022Liked by Quoth the Raven

I share your concerns. What’s most disappointing is that nobody in power fights for the West. They fight for either themselves or some nefarious unnamed parties. It’s like trying to take your team in the Super Bowl seriously yet knowing the your coach is openly working for the other team.

But at least the unexpected Die Hard reference is there to cheer me up as we head towards the ice berg.

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Jul 22, 2022Liked by Quoth the Raven

Brilliant article. You provide the best analysis on how this situation can play out over anyone else I've seen. The two charts comparing Russia's treasury holdings vs stockpiling gold is jarring! The playbook is very clear.

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It's blindingly frustrating. The western population is so removed from reality by media that it can't conceive of a world where it's not in charge. I've had many discussions about this over the last few years and even my most red-pilled friends tend to roll their eyes. I got yelled at when I said there was something fishy going on when Ukraine was portrayed as being raped by the media, literally two weeks before the actual invasion. I knew the sanctions would push Russia into implementing the plan they've had for decades. And yet, virtually everyone I know thinks Putin is just a crazy megalomaniac, instead of the cunning force that he is.

The western populations are the new Nero. Just keep fiddling.

Absolutely fabulous article. Gonna share it like crazy.

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As usual, Chris, you are the canary and we miners are heeding the warning. We've been sold out and our elites just keep counting their renminbi and watching their Alipay accounts grow, oblivious that "win-win" means something entirely different to the CCP!

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Excellent work.

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*yawn*

This idea gets floated every now and again--once even by the IMF, which contemplated elevating its SDRs to "global reserve currency" status.

Reserve currencies are not "declared" nor are they "worked on". They evolve from economic and geopolitical realities--or not.

The only exception to this was the Bretton-Woods positioning of the dollar as a de jure reserve currency, and that fell apart shortly after Nixon closed the gold window in 1971. The Smithsonian Agreement that attempted to bandaid over the abandonment of the Bretton Woods system barely lasted a year before collapsing altogether in the spring of 1973.

Considering that dollar claims exceeded US gold reserves even in the early 1960s, the time frame that Bretton Woods was actually being respected was barely fifteen years (1944-~1961).

Given that the euro is the currency used most in SWIFT transactions, one could even argue that there is no such thing as a monolithic "reserve currency".

Given that China may be soon compelled to jump headlong into a round of Quantitative Easing worthy of Abenomics just to prevent a complete collapse of its real estate sector, I would take any posturing by China about a new "global reserve currency" with a grain of salt.

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Both parties have spend 3 decades selling the citizens and workers of the USA(really the west)down the river for their own personal gain. Outside of a major swing int he next 2 elections, and even then maybe not enough. What solutions remain? Thomas Jefferson made that pretty clear.

"And what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is it’s natural manure. "

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The elite in the west only seek power and self-interest and support the great reset, where the west must be transformed. And to that end a few eggs must be broken to make their omelet.

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So gold is a fungible commodity . If 1 oz. of gold is $ 1800 in US but worth $ 3,000 in rubles , perhaps I need to book a flight to Moscow with 5 pounds of gold . Just saying .

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Babylon is falling

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Too many any the west can't grasp the reality that they are not as invincible as they think they are. Arrogant-Neoconitis is a disease of the mind.

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This has been brewing for years…and what are the politicians doing? Democrats more concerned on abortion, LGBT stuff and hate Trump while the Republicans are sitting with their thumb up their butt waiting for the democrats to do something so they can be outraged

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Jul 22, 2022·edited Jul 22, 2022

We knew it was happening... thanks for the detailed confirmation 👍

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This is not a surprise and is not a new development. China, Russia, OPEC have been openly pursuing--not conspiring in the dark for--an alternative to the US FRN. I've been saying since the Ukraine SMO began that Putin's main objective was to throw the world oil markets into chaos and re-ignite the "2nd World" economy. But we need to step back a moment from the illusion of the US FRN (or any competing currency). The only reason the FRN has any power is because oil is priced by it. But that's truly backwords: the FRN is actually priced by Oil (i.e., oil backs the dollar), as Putin, Xi, and a couple smelly ragheads will soon make clear to all! Oil is the real reserve currency, an infinitely parse-able commodity that is wanted/needed by all in this world who matter or hope to matter in the future. It is indispensable to every serious civilization and may be forever, regardless of the pseudo-geologists with no actual facts to prove their suppositions that oil is finite--or the Chi-com toadies pushing silly, macroeconomically stunted battery technology on the West (sheesh, talk about non-renewable resources!) Only the paper "currency" or currencies that is used to buy/sell Oil can share its economic power. Sure, go buy gold, too, Putin, but gold-backed currency is ultimately stupid because gold is stupid. The world since 1900 has been all about mass-producing shiny neat gadgets, not about aristocratic/mercantilist hoarding of shiny jewelry. Whatever enables production and innovation is today's "precious metal." And oil is king of these! If the "1st World" ever hopes to climb out of its looming societal ruin, all it needs to do is the same as it did when it originally became the 1st World: harvest and use all the energy sources it can. Hmm, but only the USA is resource-rich enough to survive, actually thrive, without foreign trade. So, scabby Eurotrash countries will likely have no choice but to start a bunch of expeditionary wars again to acquire such resources. Do any of their leaders today even ponder the abject idiocy of their white-guilt-inventing ancestors who originally ceded all those rich conquests to a bunch of rag-head savages and assorted commies? Soon, the continent probably will be ironically overrun by those same rag-head savages that it enriched when white guilt caused it to give away its "Empire" in the 20th Century. All I care about is picking up the pieces of the fragmented and imploded USA, quickly rounding up and punishing all the traitors who caused it, and getting the proverbial wall rebuilt before the tortilla-eatin' savages lay waste to whatever is left of our civilization...and/or before the Chi-Coms come a-pillagin'. We the Schlubs have to endure all this now--it is inevitable--because the apparently euphemistically named "Free World" suddenly pretends that Oil isn't its lifeblood!

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For decades the US has wasted is seat at the throne by those at the top engorging themselves on the wealth of the world. They diverted real power and wealth in to mansions, yachts, hookers, drugs, crime, bribes, wars, coverups, and psyops. All that wealth could have been used to build a more stable world but when the lunatics took over the helm they used it for their own person insanity... and got away with it for decades. The universe doesn't allow such things to continue for ever. The US Federal government is evil and will become more evil. It's infested with moronic lunatics who will use the power of destruction to try to maintain their position of psychopathy. They are like a spoiled rich kid(in fact, since most were as kids) who refuse to grow up and accept responsibility and contribute to society. They want it all, it's theirs, no one is going to tell them what to do, and they are not going to help anyone else as they have had their asses wiped their entire life. These people are literally insane. Their brains do not function in the realm of reality. Their belief systems are incongruent with a functioning society. They are masters at destruction, something easily done but perfected when there are no consequences or consequences only for the poors.

Unfortunately or fortunately there are always consequences, it's just about how one distributes them through time. Is it all at once? Is a little at a time? For the average person the consequences come in regular blows. For the parasitic class they have set it up to come all at once. They hope to somehow dodge the big blow and have truly lived their lives as pseudo-gods(or devils). Of course the blow can never be dodged. The good news is that the more these lunatics try to destroy the more they destroy themselves. The bad news is that they also destroy others in the process. Maybe, in some sense, we are all to blame but clearly some are more to blame than others.

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This was bound to happen.. but as we have seen with Brandon , huge devastating failures both domestically and internationally are very common place in the US nowadays.

Ukraine was probably the last straw that broke the camel's back.

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